Event Calendar

Tuesday, October 5, 2021

New Accounts Series: Opening Accounts for Nonprofit Organizations

Start Date: 10/5/2021 1:00 PM MDT
End Date: 10/5/2021 2:30 PM MDT

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

New Accounts Series: Opening Accounts for Nonprofit Organizations 
1:00 pm – 2:30 pm MT

Nonprofit accounts can be uniquely challenging. This detailed webinar will explain everything you need to know in lay terms. Learn how to compliantly breeze through each account-opening and interview hurdle from CIP, to BSA, to ID numbers, and beyond.

  • Master some common challenges to opening nonprofit organization accounts
  • Use the materials to verify that the CIP documentation has been completed
  • Identify individuals for the “control” prong under the beneficial ownership rules
  • Explain the requirements to frontline staff
  • Determine an appropriate risk profile for these types of accounts
Specific documentation is required to open accounts for nonprofit organizations. What questions should be asked at opening? What CIP documentation is required for BSA compliance? Are nonprofits subject to the beneficial ownership rules? What documents are needed? What taxpayer ID number or EIN is required? Learn practical tips to confidently and compliantly open nonprofit accounts.
This informative session is designed for new account representatives, compliance officers, BSA officers and staff, auditors, branch managers, deposit operations staff, and the frontline.
  • Checklist for the frontline
  • Template for CIP requirements
  • CDD interview questions
  • Employee training log
  • Interactive quiz
Susan Costonis, CRCM, Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples. 

1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. On-Demand Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.